South Valley, NM Rental Market Trends
What is the average rent in South Valley?
The average rent for an apartment in South Valley is $878. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in South Valley, NM
Last updated March 2023
| Average Rent | Average Apartment Size |
|---|---|
| $878 | 840 sq. ft. |
What is the average apartment size in South Valley?
The average size for a South Valley, NM apartment is 840 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
South Valley, NM apartment rent ranges
South Valley, NM Occupied Housing Units
3,840 or 29% of the households in South Valley, NM are renter-occupied while 9,440 or 71% are owner-occupied.
South Valley, NM rent trends
How South Valley Compares to Other Cities
| City | Average Rent |
|---|---|
| Albuquerque | $1,288 |
| Las Cruces | $1,078 |
| Rio Rancho | $1,265 |
| Santa Fe | $1,650 |
| Los Alamos | $1,416 |
| South Valley | $878 |